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United Spirits raises $350 mn selling shares

United Spirits raises $350 mn selling shares
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First Published: Fri, Oct 16 2009. 12 17 AM IST
Updated: Fri, Oct 16 2009. 12 17 AM IST
Mumbai: India’s biggest liquor maker United Spirits Ltd raised $350 million (Rs1,606.5 crore) by selling shares to institutional investors, a person familiar with the matter said.
United Spirits sold the shares at Rs913.7 apiece, the person said, declining to be identified before an official announcement. The sale was managed by CLSA India Ltd., Citigroup Global Markets India Pvt., UBS Securities India Pvt. and Morgan Stanley India Co. Pvt., the offer document showed.
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HCL Infosystems sells shares to raise $101 mn
Mumbai:HCL Infosystems Ltd, the computer maker controlled by Indian billionaire Shiv Nadar, raised $101 million (Rs463.59 crore) selling shares to institutional investors, a person familiar with the matter said.
HCL sold about 30 million shares for Rs154.69 apiece, the person said, declining to be identified before an official announcement.
The offer was managed by CLSA India Ltd. and JM Financial Consultants Pvt., according to a sale document.
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Allied Digital to raise Rs230 cr from share sale
Mumbai: Allied Digital Services Ltd. plans to raise as much as Rs231 crore from selling shares to institutional investors, according to a sale document.
The company plans to sell as many as 4.9 million shares for at least Rs472.29 each, according to the document.
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First Published: Fri, Oct 16 2009. 12 17 AM IST